GOLD Daily chart showing strong bullish momentum!
1. Price action bouncing off moving averages
2. Good higher high candles bouncing off structures
3. Rsi is moving upwards
4. Good risk reward
5. Triangle break out on the 4 hrly chart.
* Fundamentally I am expecting weaker USD thus more money moving into gold
2. Good higher high candles bouncing off structures
3. Rsi is moving upwards
4. Good risk reward
5. Triangle break out on the 4 hrly chart.
* Fundamentally I am expecting weaker USD thus more money moving into gold
Note
* NFP tonight so i will be reducing position size and buffering the stoploss lower to cater for bigger spreads and volatility.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.